FMG 1.10% $19.76 fortescue ltd

Nice to see green !, page-7

  1. 206 Posts.
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    I recall that there was a BB provision for up to $500m last year but that seemed to have been dumped. No doubt about it, a BB could assist during these volatile times. It would be interesting to get management's view as to why the BB was not continued (or increased for that matter). Only a month or so ago, FMG Exec were publicly saying not to bet against IO (before the precipitous drop in its price). Perhaps a case of overconfidence?
 
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